Wall Street closes modestly lower after recovering from strong losses

FXstreet.com (San Francisco) - The US stocks market recovered from morning losses to end the day with modestly declines. Wall Street traded under pressure on Chinese poor manufacturing PMI and concerns about the Fed tapering its bond buying program.

The Dow Jones declined 12.67 points or 0.08% to end the day at 15,294.50. The S&P 500 eased 4.84 points or 0.29% to 1,650.51. And the Nasdaq Composite finished the day 3.88 points or 0.11% down to 3,459.42.